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The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Smurfit-Stone Container Cor

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  Published in House and Home on Wednesday, January 26th 2011 at 16:00 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--The Law Office of Joseph Klein is investigating the Board of Directors of Smurfit-Stone Container Corporation (aSmurfit-Stonea or the aCompanya) (NYSE: SSCC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to RockTenn (NYSE: RKT). Under the terms of the transaction, Smurfit-Stone shareholders will receive 0.30605 shares of RockTenn common stock and $17.50 in cash, for an aggregate value of $35 per Smurfit-Stone common stock. The transaction has a total value of approximately $3.5 billion.

The investigation concerns whether the Smurfit-Stone Board of Directors breached their fiduciary duties to Smurfit-Stone stockholders by failing to adequately shop the Company before entering into this transaction and whether RockTenn is underpaying for Smurfit-Stone shares, thus unlawfully harming Smurfit-Stone stockholders.

If you own common stock in Smurfit-Stone and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at [ jk@jkleinlawfirm.com ], by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit [ http://www.jkleinlawfirm.com/smurfit-stone-sscc.html ].

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.